The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-06-18
NlECE and COMMERCE.
MONEY 9 TO 8 PER CENT, NEW
YORK EXCHANGE Is PREM.
Cotton Steady - Middling Cotton,
1le-Sales Yesterday 125
Bales.
APPKAL 0PPIcK,

FRIDAY EVENING, June IL, 1851.
Money rates continue firm, demand
Increasing and supply fair. Bank rates for
loans. 8 to s per cent. But little is doing in
local securities. The only sale made at the
Stock Exchange today was a few share, Of
the Gernania Insurance Company, at "a.
But little is doing in the local cotton mar
ket. The sales today were Us bales, all to
spinners; middlinE, lie; steady.
SPOTS at New York are quiet and steady.
The market went down LIS, on all grades;
niddling II S-l6c; futures barely steady and
Is to l6 points of on the old crop and s to
points of on the new June 10. 959l0. 97c.
AT New Orleans spots are easy; middling,
10 ll'l6c; futures barely steady; II to IS
points lower on the old crop and 10 to II
points of on the new; July, 10. 5O91O. SIC,
leading New York cotton circular says of
the future market; "An ab,ence of buying
orders. general sort of indifference on the
bull" clique and an evident feeling of
nervousness regarding the stability of the
movement for = rise turned the market upon
downward scale, and there was a pretty
liberal break along the entire line. The old
crop declined 14915 points and the new about
lOpoin's, with the close about steady on the
surface"
The Liverpool spot market is dull in buy
ers' favor. Middling, uplands and Orleans,
Sd; futures closed dull and Of point; June,
5 God value.
AT Manchester-YarnS and cloths are firm
with Light demand. Wheat is weak, lower
and unsettled and provisions are quiet. The
wheat crop in the vicinity of Memphis pre-
sents fine appearance and new wheat for
milling purposes here is en- route from West
ern Kentucky. The potato shipping season
atthis point is drawing to a clofe, the esti-
mated movement Northward being some
l5,OOO barrels. The crop averaged in price
81 so per barrel; the total amount realized by
cur local growers being between $4,000
and 100000. The yield was ZONE over one
half that of the previous season owing to re-
duced acreage.
The grocery market remains steady and
there is an absence OF feature of striking in.
teIest. Sweets generally have an easy tone,
rice has fallen away in price, teas rule about
steady, spices hold we'll and coffee is await
ing settlement of the recent storm, but
evidently steadily gaining in tone and with
a better feeling. The New York coffee
boomers" are now largely in the minority,
and more conservative operators are salts
fed to accept Glow gain calculated to re-
store confidence and insure trading upon a
healthier basis.
IMPORTS.
Two hundred and fifty SKIS bran, IT'S SKIS
ana ~ bTls beans and peas, 2SS pkgs bacon, 6
pkgs boots and shoes, 1900 blu corn, 81 SKIS
cotton seed. IT'S brls cement, 10 pkgs dry
goods, 81 pkgs eggs, l451 brls -four, 500 bales
hay, nd hogs, 81 hid cattle. AZ hid horses
and mules, 377 pkgs lard, 10000 feet lum-
Der, pkgs liquors, 2 cars lime, 100 brls meal,
200 Blu oats, II brls potatoes, 6 cars pork
sides, 10 brls sugar, 200 pkgs tobacco.
ELEVATOR REPORTS.
The following shows the amount of grain
received, withdrawn and in store by regular
elevators, as reported to the Merchants Kx-
change yesterday: Corn-received, 1888 bu;
Withdrawn, $3.50 bu; in store, Al 1924 bu. Oats
received, HOS bu; withdrawn, $40 bu; in
store. 5000 Bu.
..